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Wednesday, July 14

Gloomy outlook

He also believes the economy is likely to feature unemployment, increased inflation and marginal growth in real output to year-end.

In his review of the economy for the first six months of 2010, he said: “The remainder of the year is clouded in uncertainty; about the strength of the recovery in Barbados’ main tourism markets; about the prospects for tourism globally and regionally; about future energy prices in the wake of the oil spill in the Gulf of Mexico; and with regard to the volatility in international financial markets.”